In the immediate, does anyone know how many loads we shipped in the March Quarter. They seemed to be on track for 6, so I'm reckoning on a NPAT between $15-20 million. I see the next ship is at anchor so presumably we sent one off towards the end of last quarter, giving us time to get the roughly 60kt to the port for the ship at anchor. IO has been quite high for the bulk of the quarter so the figures should be quite good. The last few months we've been getting around $170AUD/t plus premiums and that is far more than when the price dropped to USD90 earlier in the financial year.
We do still have 4 & 1/2 years life of mine so there is plenty of time and dividends to collect in the meantime. That said, I do agree we should be drilling to extend the resource and should be setting in motion plans to mine the extensions.
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